The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

    n-img-roi-cross

    Before You Go, Schedule Your Free Demo Today

    Valid Invalid number


    Note: Fields marked with an asterisk(*) are mandatory.

    n-exit-img-roi-cross

    Thank you for your demo request

    We appreciate your interest and look forward to discussing how our solution can meet your needs. Expect to hear from us shortly with scheduling details.

    Close

    us

    18.97.14.88

    Gambling Commission Fines Entain £17m for Social Responsibility & Anti-Money Laundering Failures

    n-img-gambling

    Ladbrokes owner Entain has been fined £17m by the Gambling Commission for social responsibility and anti-money laundering failures

    LC International Limited runs 13 websites including ladbrokes.com, and the company will pay £14m and also £3m as Ladbrokes Betting and Gaming Limited operation that runs around 2,746 gambling premises across Britain failed to maintain social responsibility and AML standards. The charges will be directed towards socially responsible purposes as part of a regulatory settlement.

    According to the Gambling Commission Chief executive Andrew Rhodes, “Our investigation revealed serious failures that have resulted in the largest enforcement outcome to date. There were completely unacceptable anti-money laundering and safer gambling failures. Operators are reminded they must never place commercial considerations over compliance.

    “This is the second time this operator has fallen foul of rules in place to make gambling safer and crime-free.”

    “They should be aware that we will be monitoring them very carefully and further serious breaches will make the removal of their licence to operate a very real possibility. We expect better and consumers deserve better.”

    Entain said that it had joined a regulatory settlement with the GC to bring the matter to completion and prevent any further costly and proacted legal proceedings. The owner of Ladbrokes accepts that certain legacy systems and processes supporting the operations of its British business during 2019 and 202 were not in accordance with the evolving regulatory expectations of the Commission with respect to the aspects of social responsibility and anti-money laundering (AML) safeguards.

    However, the group also notes the Commission’s statement that “it found no evidence whatsoever of criminal spend within Entain’s operations.”

    Suggested Read: NSW Gambling Laws Increase Risks of Money Laundering, Says the State’s Crime Commission

    Related Posts

    News

    Seychelles Upgrade on FATF Recommendation to Strengthen Anti-Money Laundering Measures

    Seychelles has upgraded and implemented 5 FATF recommendations to strengthen anti-money launderin...

    Seychelles Upgrade on FATF Recommendation to Strengthen Anti-Money Laundering Measures Explore More

    News

    The UK’s Financial Services Minister States Banks Should Not Close Accounts Based on Political Views of Their Customers

    The financial services minister, Andrew Griffith, commented on July 4th that banks should be requ...

    The UK’s Financial Services Minister States Banks Should Not Close Accounts Based on Political Views of Their Customers Explore More

    News

    Nepal at Risk of ‘Graylisting’ for Allowing Money Laundering

    Nepal could be added to FATF’s greylist as the global AML watchdog has found a  number of deficie...

    Nepal at Risk of ‘Graylisting’ for Allowing Money Laundering Explore More

    News

    Bank of Thailand Issues Warning Against Digital Fraud

    The central bank advised individuals not to accept information that appears fake, nor to perform ...

    Bank of Thailand Issues Warning Against Digital Fraud Explore More

    News

    Brazil to Introduce Facial Recognition to Verify People Wearing Masks at Airports

    Countries across the globe are taking necessary steps to introduce facial recognition at the airp...

    Brazil to Introduce Facial Recognition to Verify People Wearing Masks at Airports Explore More

    News

    US Rated as The Most Secretive Financial Jurisdiction in the World

    The US has been ranked the most secretive financial jurisdiction in the world due to deterioratio...

    US Rated as The Most Secretive Financial Jurisdiction in the World Explore More

    News

    German Watchdog Extends N26 Measures to Prevent Money Laundering

    BaFin, the German financial regulator, stated on July 17th, that it was extending its measures to...

    German Watchdog Extends N26 Measures to Prevent Money Laundering Explore More

    News

    UAE Making ‘Strong Progress’ in Efforts to Prevent Financial Crimes

    The Minister of Foreign Affairs said that the UAE is making “strong progress” to prevent illicit ...

    UAE Making ‘Strong Progress’ in Efforts to Prevent Financial Crimes Explore More

    News

    Crypto Exchange BKEX Freezes Withdrawals Under Money Laundering Investigation

    BKEX withdrawals were suspended after funds on its platform were used to launder money, according...

    Crypto Exchange BKEX Freezes Withdrawals Under Money Laundering Investigation Explore More

    News

    Indian Brokers Under Investigation for Alleged Money Laundering and Identity Theft

    Three of the most prominent brokers in the country have come under scrutiny from numerous regulat...

    Indian Brokers Under Investigation for Alleged Money Laundering and Identity Theft Explore More

    News

    Guyana Strengthens Judicial Officers Ability to Combat Financial Crime

    Guyana’s government started asset recovery training for the judicial officers to boost their capa...

    Guyana Strengthens Judicial Officers Ability to Combat Financial Crime Explore More

    News

    UAE Arrests Gupta Brothers As Part of Efforts to Combat Money Laundering

    The UAE has arrested the internationally wanted Gupta brothers who were charged for money launder...

    UAE Arrests Gupta Brothers As Part of Efforts to Combat Money Laundering Explore More

    News

    Hungary Becomes “Largely Compliant” with FATF Standards After Improving AML/CFT Measures

    The Anti-Money Laundering Body of the Council of Europe has stated that Hungary has improved its ...

    Hungary Becomes “Largely Compliant” with FATF Standards After Improving AML/CFT Measures Explore More

    News

    A lawsuit is filed against LifeLabs for a data breach incident

    As reported earlier, the Canadian laboratory testing company, LifeLabs was hit with a cyber-attac...

    A lawsuit is filed against LifeLabs for a data breach incident Explore More

    News

    13K Affected in Third-Party Data Breach at Anthem MaineHealth

    A third-party service provider accessed the database of Anthem MaineHealth and obtained patients’...

    13K Affected in Third-Party Data Breach at Anthem MaineHealth Explore More

    News

    Authorities Struggle in Mexico as Cartels Use Crypto for Laundering Funds

    The head of financial intelligence in Mexico has revealed that the law enforcement authorities ar...

    Authorities Struggle in Mexico as Cartels Use Crypto for Laundering Funds Explore More

    News

    FinCEN Fines Puerto Rican Bank, Bancrédito, $15 Million on BSA Violation

    Puerto Rican bank, Bancrédito, was fined $15 million by the Financial Crimes Enforcement Network ...

    FinCEN Fines Puerto Rican Bank, Bancrédito, $15 Million on BSA Violation Explore More

    News

    Hong Kong to Implement Background Checks for Accounting Students

    Police will carry out a detailed background check of the students that plan on pursuing accountin...

    Hong Kong to Implement Background Checks for Accounting Students Explore More

    News

    Fake Vaccination Certificates Becoming a Full-blown Industry in 29 Countries

    Thousands of fake vaccination certificates are being sold on the dark web, and through the messag...

    Fake Vaccination Certificates Becoming a Full-blown Industry in 29 Countries Explore More

    News

    UAE to Demonstrate Effective Financial Crime Prevention to be Removed From FATF Gray List

    The economic secretary of the UK recently stated (April 25th, 2023) that the United Arab Emirates...

    UAE to Demonstrate Effective Financial Crime Prevention to be Removed From FATF Gray List Explore More

    News

    Hogan and other US Top Official Become the Victim of Identity Theft

    A fraud scheme attacking top government officials of Maryland State has been uncovered. The schem...

    Hogan and other US Top Official Become the Victim of Identity Theft Explore More

    News

    BSA-AML Compliance Group Disclose Names of Annual Gaming Conference Speakers

    The BSA-AML Compliance group has revealed the names of the speakers attending the annual gaming c...

    BSA-AML Compliance Group Disclose Names of Annual Gaming Conference Speakers Explore More

    News

    Taiwan and Singapore Strengthen AML Regulations for Virtual Asset Providers and Banks

    Taiwan and Singapore enhance Anti-Money Laundering (AML) regulations for virtual asset service pr...

    Taiwan and Singapore Strengthen AML Regulations for Virtual Asset Providers and Banks Explore More

    News

    Video KYC: The New Normal in the Insurance Industry

    Since everything is moving to digital platforms, the Insurance Regulatory and Development Authori...

    Video KYC: The New Normal in the Insurance Industry Explore More

    News

    China’s Digital Currency Could Be Launched ‘Quite Soon’

    Within the next 6 to 12 months, China could launch its own digital currency which may become a ch...

    China’s Digital Currency Could Be Launched ‘Quite Soon’ Explore More

    News

    FATF Highlights the Gaps in New Zealand’s AML Measures

    Financial Action Task Force (FATF) has issued a report on New Zealand’s measures to combat money ...

    FATF Highlights the Gaps in New Zealand’s AML Measures Explore More

    News

    William Hill to Pay £19M for Social Responsibility and AML Failings

    The Gambling Commission has fined William Hill Group Businesses £19 million for failing to uphold...

    William Hill to Pay £19M for Social Responsibility and AML Failings Explore More

    News

    MAS Imposes Capital Requirements on OCBC for Inadequate Scam Response

    Additional capital requirements have been imposed on the OCBC bank by the Monetary Authority of S...

    MAS Imposes Capital Requirements on OCBC for Inadequate Scam Response Explore More

    News

    Largest Banking Cooperation in Columbia Busted for Violating Anti-money Laundering Regulations

    Banco de Occidente, Columbia’s largest banking cooperation Grupo Aval owned by one of the richest...

    Largest  Banking Cooperation in Columbia Busted for Violating Anti-money Laundering Regulations Explore More

    News

    RSA Revamps Digital Payments with Industry-centric Regulations

    The federal bank in South Africa re-regulated guidelines for performing card transactions between...

    RSA Revamps Digital Payments with Industry-centric Regulations Explore More

    News

    Saskatchewan Government Invests $1.66m to Support Fight Against Money Laundering

    The Government of Saskatchewan is spending $1.66 million on the Civil Forfeiture Program to back ...

    Saskatchewan Government Invests $1.66m to Support Fight Against Money Laundering Explore More

    News

    UK Finance Sector and Police Stopped £32m Fraud in First Half of 2021

    The ‘Banking Protocol’ introduced in 2016 has now helped prevent financial fraud worth £174...

    UK Finance Sector and Police Stopped £32m Fraud in First Half of 2021 Explore More

    News

    South Africa Earmarked R265 Million to Get Off FATF’s Greylist

    Finance Minister Enoch Godongwana announced on Tuesday that allocating R265 Million is one of sev...

    South Africa Earmarked R265 Million to Get Off FATF’s Greylist Explore More

    News

    Nevada Takes Measures to Combat Unemployment Insurance Fraud

    District of Nevada’s Office of U.S Attorney has shown concerns about the rise in unemployment ins...

    Nevada Takes Measures to Combat Unemployment Insurance Fraud Explore More

    News

    ODJFS Makes Efforts Against Fraud Schemes, Calling for Improved Safeguards

    The Ohio Department of Jobs and Family Services (ODJFS) has estimated that approximately $506 mil...

    ODJFS Makes Efforts Against Fraud Schemes, Calling for Improved Safeguards Explore More

    News

    Consumers Lost €15.6M to Impersonation, Investment, and Romance Scams

    Approximately 70% of Irish consumers have been targeted by some form of identity scam, according ...

    Consumers Lost €15.6M to Impersonation, Investment, and Romance Scams Explore More

    News

    IMF Seeks Tighter Checks on Kenyan Banks Amid Money Laundering Concerns

    The International Monetary Fund (IMF) is tightening the checks to prevent money laundering and wa...

    IMF Seeks Tighter Checks on Kenyan Banks Amid Money Laundering Concerns Explore More

    News

    Cyprus Adopts Transparency in Registration of Company Owners

    Cyprus has planned to introduce a register in the coming weeks to unveil the identity of thousand...

    Cyprus Adopts Transparency in Registration of Company Owners Explore More

    News

    AUSTRAC to Update Guidance for Threshold Transaction Reporting

    AUSTRAC has made it mandatory for reporting entities to include a threshold transaction report (T...

    AUSTRAC to Update Guidance for Threshold Transaction Reporting Explore More

    News

    PBOC Issues Risk-Based Account Opening Guidelines for SMEs

    The PBOC has issued guidance on Oct 14, 2021, for SMEs to adopt a Risk-Based Approach (RBA) when ...

    PBOC Issues Risk-Based Account Opening Guidelines for SMEs Explore More

    News

    UK Government to Crackdown Corruption Under New AML laws

    Overseas firms owning land in the UK need to publicly declare the owners, under the new UK laws t...

    UK Government to Crackdown Corruption Under New AML laws Explore More

    News

    Danske Bank Fined €1.82m Over AML and CTF Breaches

    Danske Bank was accused of AML compliance failings and fined €1.82m by the Central Bank, revealin...

    Danske Bank Fined €1.82m Over AML and CTF Breaches Explore More

    News

    CBUAE Issues New AML/CTF Guidelines for the Insurance Sector

    The Central Bank of the UAE (CBUAE) has announced new Anti Money Laundering and Countering Terror...

    CBUAE Issues New AML/CTF Guidelines for the Insurance Sector Explore More

    News

    Coincheck customers fall victim to a data breach

    In 2018, Coincheck, the Japanese firm, fell victim to probably the largest cryptocurrency hack in...

    Coincheck customers fall victim to a data breach Explore More

    News

    FinCEN and FDIC to Test the Effectiveness of Digital ID Verification Tools

    Two federal regulators – the FinCEN and FDIC have called for a ‘tech sprint’ to assess the ...

    FinCEN and FDIC to Test the Effectiveness of Digital ID Verification Tools Explore More

    News

    Vending machines can now be operated with Bitcoins

    Vending machines used by key Asia-Pacific soft-drink bottler and distributor Coca-Cola Amatil wil...

    Vending machines can now be operated with Bitcoins Explore More

    News

    FCA Imposed a $1.05M fine on Barclays Bank for “Oversight Failings”

    The U.K. Financial Conduct Authority (FCA) on Monday revealed that it imposed a fine of 783,800 p...

    FCA Imposed a $1.05M fine on Barclays Bank for “Oversight Failings” Explore More

    News

    OCC, FDIC, & Fed Warn Banks of Significant Risks in the Crypto Industry

    Three US banking regulators, the Federal Reserve (Fed), Office of the Comptroller of the Currency...

    OCC, FDIC, & Fed Warn Banks of Significant Risks in the Crypto Industry Explore More

    News

    African Federal Government Urges Collaboration to Combat Money Laundering and Terrorist Financing

    The African Federal Government stressed the urgent teamwork needed to combat money laundering, te...

    African Federal Government Urges Collaboration to Combat Money Laundering and Terrorist Financing Explore More

    News

    Phishing attacks hidden in Google Cloud Services

    Cybercriminals are concealing phishing efforts behind legitimate resources like google cloud serv...

    Phishing attacks hidden in Google Cloud Services Explore More

    News

    Sri Lanka’s blockchain KYC platform to initiate ‘Shortly’: Central Bank

    According to Daily Mirror Online, the Monetary Board has now finalized three software development...

    Sri Lanka’s blockchain KYC platform to initiate ‘Shortly’: Central Bank Explore More

    News

    N1m Fine Imposed on Financial Institutions for Suspicious Transactions Reporting Failing

    A fine of N1m is directed by the Nigerian Government on any financial or non-financial institutio...

    N1m Fine Imposed on Financial Institutions for Suspicious Transactions Reporting Failing Explore More

    News

    Austria- The Growing Hub of Cryptocurrency Approves 18 Operating License

    Financial Supervisory Authority like FMA of Austria received requests from forty digital asset pr...

    Austria- The Growing Hub of Cryptocurrency Approves 18 Operating License Explore More

    News

    IMF Urges Philippines to Enhance AML Measures to be Removed from Grey List

    The International Monetary Fund (IMF) stated that the Philippines government should adopt an enha...

    IMF Urges Philippines to Enhance AML Measures to be Removed from Grey List Explore More

    News

    Turkey Remains on the FATF Gray List for AML Regulations Failures

    Turkey’s government has failed to comply with Anti-Money Laundering (AML) and Counter-Financing T...

    Turkey Remains on the FATF Gray List for AML Regulations Failures Explore More

    News

    US Treasury Publishes National Risk Assessments for Financial Crimes

    The US Treasury has published the 2022 National Risk Assessments (NRAs) on Money Laundering (NMLR...

    US Treasury Publishes National Risk Assessments for Financial Crimes Explore More

    News

    Binance revokes Upbit hackers’ attempt to launder stolen funds

    At just after 16:00 UTC Wednesday, bot Twitter account Whale Alert notified Binance – which has e...

    Binance revokes Upbit hackers’ attempt to launder stolen funds Explore More

    News

    US Infrastructure Bill Eyes on Introducing Stringent Crypto Provisions

    The infrastructure bill proposed in the US Congress aims at revamping how crypto exchanges perfor...

    US Infrastructure Bill Eyes on Introducing Stringent Crypto Provisions Explore More

    News

    U.S Congress Suspects the Use of Bitcoin to Fund Domestic Terrorism

    U.S Congress subcommittee worries that Bitcoin might have been used in funding the Capitol revolt...

    U.S Congress Suspects the Use of Bitcoin to Fund Domestic Terrorism Explore More

    News

    Better Business Bureau of North America Warns of Increased Scams & Fraud

    On April 11, Marilyn Mott, director of the Better Business Bureau’s Prescott office, addressed a ...

    Better Business Bureau of North America Warns of Increased Scams & Fraud Explore More

    News

    UK Government Aims to Recover £1 Billion Lost Funds Over the Next Decade

    The UK Government has put technology as the front and centre force to fight crimes and reinforce ...

    UK Government Aims to Recover £1 Billion Lost Funds Over the Next Decade Explore More

    News

    New Crypto Regulations to be Followed by Korean Banks

    South Korea is increasing cryptocurrency regulations by making KYC verification necessary along w...

    New Crypto Regulations to be Followed by Korean Banks Explore More

    News

    Members of Spalding Club Charged for Money Laundering Through Investment Scheme

    Lincolnshire police reported suspected fraud cases in connection with a trading-based investment ...

    Members of Spalding Club Charged for Money Laundering Through Investment Scheme Explore More

    News

    Phishing attacks hidden in Google Cloud Services

    Cybercriminals are concealing phishing efforts behind legitimate resources like google cloud serv...

    Phishing attacks hidden in Google Cloud Services Explore More

    News

    Banks warned against profiteering from UK coronavirus crisis

    British institutions, including banks, have been urged to avoid profiteering from the Coronavirus...

    Banks warned against profiteering from UK coronavirus crisis Explore More

    News

    European Commission Lists Online Gambling a High-Risk Sector for Money Laundering

    The European Commission has listed online gambling as a high-risk avenue for money laundering aft...

    European Commission Lists Online Gambling a High-Risk Sector for Money Laundering Explore More

    News

    Binance Expands Footprint in Europe as it Acquires License to Operate in Sweden

    The Swedish financial supervisory authority (FSA) allowed Binance to operate in the country, whic...

    Binance Expands Footprint in Europe as it Acquires License to Operate in Sweden Explore More

    News

    UAE’s SCA Works on Virtual Asset Investment Regulations

    The United Arab Emirates’ Securities and Commodities Authority (SCA) has said that it is ab...

    UAE’s SCA Works on Virtual Asset Investment Regulations Explore More

    News

    Financial Regulators in Uganda Demands Government to Set Crypto Regulations

    Uganda’s financia regulators, Financial Intelligence Authority (FIA), want the government to take...

    Financial Regulators in Uganda Demands Government to Set Crypto Regulations Explore More

    News

    Qatar Takes Steps to Strengthen its AML/CFT and Sanctions Compliance

    A webinar organised by ICC Qatar emphasised the efforts of Qatar to strengthen its AML/CFT and sa...

    Qatar Takes Steps to Strengthen its AML/CFT and Sanctions Compliance Explore More

    News

    Chandigarh Cyber Cell Unit Arrested Criminals Involved in Overseas Money Laundering Activities

    A gang of a Chinese national and 20 other people got arrested by Chandigarh Police. Investigation...

    Chandigarh Cyber Cell Unit Arrested Criminals Involved in Overseas Money Laundering Activities Explore More

    News

    “Online Trading Platforms to Become a New Hub for Investment Scams” Warns FCA

    FCA warns that investment scams are increasing in the UK via online means of trading platforms an...

    “Online Trading Platforms to Become a New Hub for Investment Scams” Warns FCA Explore More

    Take the next steps to better security.

    Contact us

    Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

    Contact us

    Request demo

    Get free access to our platform and try our products today.

    Get started